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Assessments / Blog 2017-10-03 ES #F Another New High As mentioned yesterday the chart was overall bullish and another new high was made. The expected pull back did not materialise and we still got the Divergence down on the Simplified Volume Oscillator (double Divergence down) and we still got the Overbought signals on different time frames. Watch out for a Volume Flow signal down and Selling pressure, before any pull back of note will occur. It looks like Buying pressure is easing at the moment. A pull back to around the 2517.25 area is possible. A bar close below 2506.50 can spark some weakness. See results of our Strategy on the MTF Tool trading the EURO RISK DISCLOSURE: The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading. Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.
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